23rd Mar 2007 17:05
Tullow Oil PLC23 March 2007 Tullow Oil plc23 March 2007 Tullow Oil plc ('Tullow' or 'the Company') Awards of Shares under the Company's 2005 Performance Share Plan The Company announces that on 22 March 2007 each of the following executivedirectors were granted conditional awards over the number of ordinary shares of10p each set out below under the terms of the Tullow Oil 2005 Performance SharePlan. In respect of the executive directors this notification is made in accordancewith DR 3.1.4R (1)(a) and (b). Director Number of Conditional Total Conditional Shares Shares Awarded awarded under Performance 22 March 2007 Share Plan Aidan Heavey 230,567 797,834Tom Hickey 147,412 501,174Graham Martin 130,402 473,404Angus McCoss 90,539 190,769Paul McDade 90,539 397,474Matt O'Donoghue 72,188 368,363 The awards granted on 22 March 2007 will normally vest on 22 March 2010 subjectto continued employment and the satisfaction of performance conditions. Thefigures reflect the maximum number of shares that might vest in three years time- the actual number vesting will depend on the extent to which the performanceconditions are satisfied over the three year performance period. Noconsideration was paid for any of the awards and no consideration is due onvesting. Enquiries Graham Martin Tullow Oil plc+ 44 208 996 1000 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Tullow Oil